{"id":50,"date":"2019-03-29T18:48:37","date_gmt":"2019-03-29T18:48:37","guid":{"rendered":"https:\/\/clevelandcashhousebuyer.com\/?page_id=50"},"modified":"2020-01-15T03:42:23","modified_gmt":"2020-01-15T03:42:23","slug":"inheritance","status":"publish","type":"page","link":"https:\/\/clevelandcashhousebuyer.com\/inheritance\/","title":{"rendered":"Sell Inherited Estate Probate House Fast in Cleveland OH"},"content":{"rendered":"
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Before selling a house left to you in a will, and even intestate (without a will), consider the difficulties you will encounter. The sale of inherited property is more complicated than selling a residence.<\/p>\n
Inherited property often comes with unpleasant surprises. In addition to needing costly repairs, an inherited house can be encumbered by financial obligations. Other factors, such as multiple heirs, can also complicate the sale.<\/p>\n
Unless you were the caretaker for the deceased person, you might not be aware of their financial status. Discover any financial obligations of the estate, which could affect the sale of the house.<\/p>\n
The house may have an outstanding mortgage balance. Creditors may have a lien against the property\u2014such as a tax lien filed by the county for back taxes.<\/p>\n
Any financial obligations attached to the house must be settled before the house can be sold.<\/p>\n
Inherited houses are usually older properties, and maintenance may have been neglected over the years. Fixing any problems with the house can be costly and time-consuming.<\/p>\n
Few buyers want a house in disrepair. If the repairs are minor, such as dings and holes in the walls, a buyer might make a discounted offer. But serious problems, such as water damage and black mold, will deter the average buyer.<\/p>\n
If you and your siblings inherited the family home, selling the house after the death of a parent can present additional difficulties. Any of which can delay the sale.<\/p>\n
For example, one brother wants to keep the home in the family and convert it to a rental. The rest of the siblings want to liquidate the house as quickly as possible and divide the cash. All siblings must agree before the estate can be settled.<\/p>\n
Inherited property can take much longer to sell than heirs realize. Mother\u2019s house could be tied up in probate for months if she left no will. Even selling a home that doesn\u2019t need to go through probate takes longer than selling a residence.<\/p>\n
Selling to a real estate investor is the easiest and most convenient way to avoid the typical difficulties associated with selling an inherited house.<\/p>\n